Bitcoin News Thebittimes.Com

After forcing advertisers to pay for Telegram broadcast channel advertisements in TON token, Telegram admitted the obvious: Ad payments would quickly account for far more than 10% of the TON supply at Telegram itself. To avoid appearing too centralized, CEO Pavel Durov announced plans to sell Telegram’s TON holdings at below-market prices. He is soliciting investors interested in bidding over $1 million for off-market transactions. Naturally, Durov restated Telegram’s intent to sell TON below current prices as a positive development, emphasizing the supposedly decentralizing effect these sales would have on the TON blockchain network. “Thanks to the participation of more long-term holders, TON will remain stable and decentralized ,” he posted optimistically to his followers. Telegram’s TON network suffers from its ‘success,’ scales down to 1TPS Sharing ad revenue with creators Moreover, Telegram offset the otherwise bearish news of these token sales with an ad revenue-sh...

Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem. Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns. So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far back as 2016, Vitalik Buterin wrote that both the crypto economics and AI safety communities were “trying to tackle what is fundamentally the same problem” of how to regulate complex and smart systems with “unpredictable emergent properties.” Both rely for control on essentially “dumb” systems “whose properties once created are inflexible,” after all. Once a smart contract is implemented, it can’t be changed, for instance. The two communities “should listen to each other more,” he concluded. In the past year, with the emergence of ChatGPT and other generative AI tools, worries are growing that AI may be...

Bitcoin and altcoins are beneficiaries of major inflows this year, while the question of a BTC supply squeeze remains. Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months. In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital. Crypto institutional product AUM up 99% year-to-date Bitcoin, Ether (ETH) and some major altcoins are enjoying price gains as excitement over the possible approval of the United States’ first spot exchange-traded fund (ETF) grows. Since November 2022, the total crypto market cap has increased by $600 billion, data from TradingView confirms. Total crypto market cap 1-week chart. Source: TradingView The past two months, however, has seen a precipitous increase in funds being deployed to crypto investment products, CoinShares reveals. “Digital asset investment products saw inflows totalling US$293m ...

Bitcoin’s recent rally to a 2023 high is backed by on-chain and sentiment data. Data from Glassnode suggests that Bitcoin (BTC) is in an accumulation pattern with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders cohort rise. As Bitcoin’s supply tightens, available BTC is being purchased by smaller, long-term holding entities. Bitcoin accumulation among a majority of investor cohorts and the bullish conviction of long-term holders equates to investors gobbling up “92% of the newly mined supply ” according to Glassnode Analysis . “If we isolate only entities on the smaller end of the scale, such as Shrimps ( Entity Bitcoin balance changes versus issuance. Source: Glassnode On the backs of smaller entities gobbling up Bitcoin’s minted supply , long-term holders have reached new highs versus short-term holders , something not seen since July 2023. In addition to the solid long-term holder ratio, short-term ho...

Bitcoin on-chain transaction data shows "uncertain" conditions prevailing, research says, warning that Q2 is not likely to match BTC price gains from earlier in 2023. Bitcoin (BTC) traders are displaying behavior similar to the 2022 bear market bottom as “uncertain” sentiment rules, new research argues. In one of its Quicktake market updates on Oct. 9, on-chain analytics platform CryptoQuant examined a major drop in realized capitalization of the most active part of the BTC supply . One-month-old BTC supply realized cap comes full circle Bitcoin’s more speculative investor cohorts continue to come in for scrutiny this year as BTC price action experiences a variety of diverging environments. Spot price is currently circling the aggregate cost basis for so-called short-term holders (STHS), defined as entities hodling a given amount of BTC for 155 days or less. Now, CryptoQuant reveals that the realized capitalization, or cap, of coins which last moved between 24 hours and o...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto tokens supply: what does it mean? The crypto token supply determines how many cryptocurrency coins will exist at any given time and can be circulating, maximum, or total. The total supply of a cryptocurrency is the sum of the circulating supply and the coins held in escrow ( a smart contract in which a third party temporarily holds an asset until a specific and agreed-upon condition is met). The maximum supply is the number of tokens that can be created, whereas the circulating supply is the number of tokens that exist and can be traded in the market. To determine token distribution, demand, and market capitalization, all cryptocurrency supply metrics must be considered. They have the ability to influence the price of a cryptocurrency and are essential criteria for investors looking to assess the worth of a project. Unlike fiat currencies, which can be printed at will by central banks, most cry...